What is LBC Coin and How do You Use It? - Miyagi Mornings #10

If you like this video and this type of thing you will love my podcast at http://tspc.co There is no episode of TPSC today as I am taking the time off to be with my family.

Today we cover LBC coin which works on Odysee.com and LBRY.tv in fact when you sign up for Odysee (you can do it here https://bit.ly/tspcodysee ) you will have a wallet instantly on your account and can even earn LBC coin just for watching videos and inviting others to join you there.

Simply put the LBC coin is mostly used to tip creators or buy paid content from creators on Odysee.com As cryptocurrency goes it is very fast to transfer, has very low fees and works well for micro tipping. Even if LBC were to go to 10 dollars a coin, you could still tip .01 LBC for almost nothing in fees. As of today LBC is valued at about 3 cents a coin (11-25-20).

LBc is also traded on major exchanges the most notable of them is https://bittrex.com/ where it is traded on the BTC market, making a very liquid alt coin, meaning you can easily sell and convert it to BTC or even USD.

You can hold LBC on your Odysee Wallet that comes in your Odysee Account again you can sign up at https://bit.ly/tspcodysee or in the LBRY.tv app which is more secure.

You can of course hold it in an exchange account but I only hold small amounts in an exhange of any crypto. It is best to get it off exchanges as soon as trading is completed.

While I personally use the https://www.Jaxx.io wallet they don't yet support LBC, the best multi currency wallet to hold LBC in is https://www.coinomi.com which is every bit as good as Jaxx, and has more supported assets. You can also store LBC offline with the Ledger Nano for the highest level of security. If you want to use Ledger I recommend the Nano X you can get one on Amazon here https://amzn.to/3l3ZePV